Understanding the FCPA - ACC.com
Understanding the FCPA - ACC.com
Understanding the FCPA - ACC.com
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Introduction: A Robust Enforcement Climate<br />
U.S. Foreign Corrupt Practices Act (―<strong>FCPA</strong>‖) enacted in 1977<br />
Three-fold increase in enforcement activity at DOJ since<br />
2004<br />
Increased numbers of <strong>FCPA</strong>-dedicated attorneys in Fraud<br />
Section<br />
Approx. 50 FBI agents working on <strong>FCPA</strong> matters<br />
2007 a landmark year<br />
Largest number of DOJ & SEC enforcement actions (38)<br />
Largest <strong>com</strong>bined settlement to date ($44 million) – likely to<br />
soon be eclipsed<br />
Largest criminal penalty to date ($26 million)<br />
Approx. 100 <strong>com</strong>panies believed to be under investigation at<br />
year end<br />
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